Nisa (retailer)

Nisa Retail Limited (/ˈnsə/ NY-sə;[5] formerly Nisa-Today's) is a brand and groceries wholesaler (or "symbol group") operating in the United Kingdom. It is a wholly owned subsidiary of the Co-operative Group Limited.[6] It was formerly a mutual organisation owned by its members and operating "...like a co-operative, using the collective buying power of the large group of members to negotiate deals with suppliers".[7]

Nisa Retail Limited
Typesubsidiary
IndustryRetail, Wholesale
Founded1977; 44 years ago (1977)[1]
Headquarters,
Area served
UK
Key people
  • Dudley Ramsden and Peter Garvin, Founders[1]
  • Ken Towle, Chief Executive Officer[2]
RevenueDecrease £1.252 billion (2017)[3]
Number of employees
213[4]
ParentThe Co-op
Websitenisaretail.com

HistoryEdit

 
Nisa Local shop in Bingley in June 2012
 
Nisa Extra shop in Rathfriland in October 2011

Nisa was founded by Peter Garvin and Dudley B. Ramsden. On August 18th, 1977, Peter Garvin came from Kingston, Jamaica to live in the UK. He resided in a small village called Bawtry. Garvin regularly performed DJ sets with his sound system from Jamaica in bars and pubs, and often mentioned how he would sell his sound system product on the market. He had tried multiple times to achieve this, but struggled to do so. After 1-2 months of thinking about his career choice, Garvin decided that he wanted to have a place in retail. He was fascinated by supermarket products and the many records and household goods he could sell; he often joked that he would perform live DJ sets behind the counter. He was very eager to have his own supermarket company. In October 1977, Garvin performed at the bar of a hotel in Bawtry. A chance meeting with Ramsden allowed Garvin to see the potential of this idea.[8][9]

In 2011, Nisa Retail Limited opened its new distribution centre for Scotland in Livingston.[citation needed]

In the 2019 Netflix series Top Boy, Nisa Local was featured in a lot of the episodes. The show is set in Hackney, but the 2019 version was filmed on the Dagmar Court estate in the London Docklands.[citation needed]

Nisa agreed to be purchased by the Co-operative Group in November 2017.[10] The acquisition was subject to regulatory approval by the Competition and Markets Authority, and was completed in May 2018.[11] In 2019, Nisa recruited more than 500 stores, representing a 40% increase in the number of outlets being signed.[12]

OperationsEdit

Nisa logos
Nisa-Today's logo used from 2000s to 2008
Nisa-Today's logo used from 2008 to 2013
 
A sign for a Nisa Local shop in Burnham Deepdale in May 2021

Nisa's headquarters and one of its ambient distribution centres are co-located in Scunthorpe, North Lincolnshire. It also has distribution centres for temperature controlled products at Stoke-on-Trent, Staffordshire; Harlow, Essex and Livingston, West Lothian.

As of 2011, some stores are branded under the LOCO fascia.[13]

As of 2016, Nisa Retail Limited supplies over 4,000 convenience shops and small supermarkets, including the Costcutter symbol group[4] and CK Foodstores in Wales.[14] According to Company Accounts submitted for year ending on 31 March 2014, Nisa Retail Limited has an estimated net worth of £30.77 million.[15]

See alsoEdit

ReferencesEdit

  1. ^ a b "Strategy & Structure". Nisa Retail Limited. Retrieved 20 May 2008.
  2. ^ Rebecca Harvey (9 May 2018). "Nisa appoints new CEO as Co-op Group completes its acquisition". Co-operative News.
  3. ^ Read, Nick. "Nisa Retail Annual Reports and Accounts" (PDF). Nisa. Nisa Retail Ltd. p. 16.
  4. ^ a b "Meet The Key People". Nisa Retail Limited. Retrieved 11 April 2018.
  5. ^ "Nisa is pronounced 'Nicer', company confirms". York Vision. 13 June 2014. Retrieved 29 January 2018.
  6. ^ "Co-op completes acquisition of Nisa Retail Limited". co-operative.coop (Press release). 8 May 2018.
  7. ^ "Local retailers planning merger". BBC News on bbc.co.uk. 10 May 2006.
  8. ^ "Peter Garvin". TheGrocer.co.uk.
  9. ^ "Tributes for Ramsden as he decides to retire". wholesalenews.co.uk.
  10. ^ Julia Kollewe (13 November 2017). "Co-op buys Nisa for £143m after members back takeover". The Guardian.
  11. ^ Butler, Sarah (6 April 2018). "Co-op plans to take over failing schools in north of England". The Guardian. Retrieved 19 April 2018.
  12. ^ Laister, David (16 December 2019). "500 stores recruited by Nisa in 2019". birminghampost. Retrieved 20 March 2020.
  13. ^ Retail Times https://www.retailtimes.co.uk/nisa-unveils-new-loco-fascia-and-targets-150-smaller-stores/
  14. ^ "CK's Supermarkets | Your local, independent food retailer". www.cksupermarkets.co.uk. C K's Supermarkets. Retrieved 30 May 2017.
  15. ^ "Nisa Retail Limited". Endole Insights.

External linksEdit